#TradeWarEases
*US-China Trade Agreement Sparks Market Optimism*
👍The US and China have reached a significant trade agreement, reducing tariffs on each other's goods. The US will lower tariffs on Chinese goods from 145% to 30% within 90 days, while China will decrease tariffs on US goods from 125% to 10%. This development has sparked a positive market reaction, with S&P 500 futures rising 2.8% and the dollar exchange rate increasing 0.7%. The agreement establishes a new economic dialogue mechanism to promote cooperation and address structural issues.
This breakthrough may ease trade tensions and boost global markets.
